Reaves W H & Co. Inc. Decreases Stake in Schlumberger N.V. (SLB)

Reaves W H & Co. Inc. reduced its holdings in Schlumberger N.V. (NYSE:SLB) by 57.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,878 shares of the oil and gas company’s stock after selling 101,940 shares during the period. Reaves W H & Co. Inc.’s holdings in Schlumberger N.V. were worth $5,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of SLB. Tradewinds Capital Management LLC lifted its stake in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Schlumberger N.V. by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after buying an additional 8 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its stake in shares of Schlumberger N.V. by 12.7% in the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after buying an additional 305 shares in the last quarter. 79.13% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Reaves W H & Co. Inc. Decreases Stake in Schlumberger N.V. (SLB)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/11/13/reaves-w-h-co-inc-decreases-stake-in-schlumberger-n-v-slb-2.html.

In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. raised their price target on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Cowen and Company set a $80.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and a consensus target price of $80.08.

Schlumberger N.V. (SLB) opened at $65.74 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Schlumberger N.V. has a twelve month low of $61.40 and a twelve month high of $87.84. The company has a market cap of $91,067.12, a P/E ratio of 50.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. equities analysts forecast that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.

Schlumberger N.V. Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger N.V. (NYSE:SLB).

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply